HENRICO EDUCATION FOUNDATION INC
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$8,491,128
Government Grants
50%
Program Services
24%
Contributions
22%
Other
3%
Investments
1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$7,938,462
Other
43%
Salaries & Benefits
42%
Grants
13%
Offices, Occupancy & IT
1%
Fees to Service Providers
<1%
Advertising & Promotion
<1%
Benefits to Members
0%
Interest
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$1,643,990
$1,858,044
+13%
Government Grants
$0
$4,256,055
-
Fundraising Events
$0
$0
-
Program Services
$8,045,853
$2,042,059
-75%
Membership Dues
$0
$0
-
Investments
$21,133
$110,792
+424%
Other
$190,570
$224,178
+18%
Total Revenues
$9,901,546
$8,491,128
-14%
Expenses
2023
2024
Change
Grants
$211,602
$1,044,418
+394%
Benefits to Members
$0
$0
-
Salaries & Benefits
$2,668,986
$3,331,397
+25%
Fees to Service Providers
$45,288
$42,610
-6%
Advertising & Promotion
$10,933
$40,644
+272%
Offices, Occupancy & IT
$109,149
$82,591
-24%
Interest
$0
$0
-
Depreciation
$0
$0
-
Other
$6,628,271
$3,396,802
-49%
Total Expenses
$9,674,229
$7,938,462
-18%
Net income
2023
2024
Change
Net income
+$227,317
+$552,666
+143%
Functional Expenses
Summary
2023
2024
Change
Program
$8,581,572
$5,787,531
-33%
Admin
$744,796
$1,511,345
+103%
Fundraising
$347,861
$639,586
+84%
Total Expenses
$9,674,229
$7,938,462
-18%
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